Immutable has quickly become a leader in the NFT space, even overtaking Ethereum in terms of total sales volume. The market integrated $41.7 million in sales volume, securing the first place in the NFT Platform market. Ethereum, by comparison, had $1.9 million worth of sales—down 2.91%.
Bitcoin, on the other hand, is in third place behind Immutable with $19.4 million in sales. Regardless of this, Bitcoin gained a lot, increasing over 22.55%.
Mythos Chain secured $14.1 million in sales. DMarket had approximately $8.9 million in sales for the past 30 days indicating slight growth of 0.15%. Sales on BNB Chain totaled $8.4 million in sales, a major increase of 47.59%. Solana’s sales followed, totaling $6.3 million after increasing 5.30%.
Individual NFT sales made headlines. CryptoPunks #1831 sold for 150 ETH, or $389,846. Not too long after, CryptoPunks #9778 traded for 150 ETH, or $377,958 at the time.
The rise and fall of who takes the majority of NFT sales demonstrates just how fast-moving this market of digital assets can be. Immutable’s emergence to the top can be attributed to an increased interest in what makes its offerings unique and overall platform capabilities. By any measure Ethereum’s sales are in freefall. At the same time, more nimble, alternative platforms, such as Bitcoin and BNB Chain, exhibit strong growth, indicating a multi-chain future of NFT activity.
Specific NFT collections, such as CryptoPunks, are few and far between, but their success is phenomenal. They showcase the amazing value and increasing demand that collectors are showing for digital assets. CryptoPunks #1831 and #9778 sold for over $2.5M USD equivalent in ETH. This just goes to show the persistent allure and lucrative potential found within the NFT market.
